GC Wealth Management RIA LLC Has $70.14 Million Stock Position in Meta Platforms, Inc. $META

Key Points

• GC Wealth Management RIA LLC significantly increased its stake in Meta Platforms, Inc. by 871.8% during Q2, now holding $70.14 million in the stock, which constitutes 5.7% of its investment portfolio.
• Insider trading activity included Director Robert M. Kimmitt and COO Javier Olivan selling shares, reducing their positions by 5.24% and 4.90% respectively.
• Meta Platforms reported strong Q2 earnings with an EPS of $7.14, exceeding expectations, and announced a quarterly dividend of $0.525 per share.

GC Wealth Management RIA LLC increased its stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 871.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 95,033 shares of the social networking company's stock after acquiring an additional 85,254 shares during the period. Meta Platforms makes up approximately 5.7% of GC Wealth Management RIA LLC's investment portfolio, making the stock its biggest position. GC Wealth Management RIA LLC's holdings in Meta Platforms were worth $70,143,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC boosted its stake in Meta Platforms by 1.7% during the fourth quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company's stock worth $20,230,000 after buying an additional 570 shares during the period. Revolve Wealth Partners LLC boosted its stake in shares of Meta Platforms by 10.2% during the 4th quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company's stock worth $5,537,000 after purchasing an additional 875 shares during the period. Permanent Capital Management LP grew its holdings in Meta Platforms by 4.9% during the 1st quarter. Permanent Capital Management LP now owns 1,891 shares of the social networking company's stock valued at $1,090,000 after purchasing an additional 89 shares during the last quarter. Procyon Advisors LLC raised its position in Meta Platforms by 10.1% in the 1st quarter. Procyon Advisors LLC now owns 56,338 shares of the social networking company's stock worth $32,471,000 after purchasing an additional 5,154 shares during the period. Finally, Prospect Financial Services LLC lifted its stake in Meta Platforms by 0.7% in the first quarter. Prospect Financial Services LLC now owns 5,895 shares of the social networking company's stock worth $3,397,000 after purchasing an additional 39 shares during the last quarter. 79.91% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Robert M. Kimmitt sold 465 shares of the firm's stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $757.47, for a total transaction of $352,223.55. Following the completion of the sale, the director owned 8,412 shares in the company, valued at $6,371,837.64. This trade represents a 5.24% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Javier Olivan sold 517 shares of the firm's stock in a transaction on Monday, September 29th. The stock was sold at an average price of $748.72, for a total value of $387,088.24. Following the sale, the chief operating officer directly owned 10,026 shares of the company's stock, valued at approximately $7,506,666.72. This trade represents a 4.90% decrease in their position. The disclosure for this sale can be found here. Insiders sold 214,182 shares of company stock worth $164,955,168 over the last ninety days. Corporate insiders own 13.61% of the company's stock.

Meta Platforms Trading Down 2.3%

Shares of META stock opened at $710.56 on Friday. The stock has a 50 day simple moving average of $753.21 and a 200-day simple moving average of $675.45. Meta Platforms, Inc. has a 1-year low of $479.80 and a 1-year high of $796.25. The company has a market cap of $1.79 trillion, a price-to-earnings ratio of 25.73, a PEG ratio of 1.48 and a beta of 1.20. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.97 and a quick ratio of 1.97.

Meta Platforms (NASDAQ:META - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The social networking company reported $7.14 EPS for the quarter, topping the consensus estimate of $5.75 by $1.39. The company had revenue of $47.52 billion during the quarter, compared to analyst estimates of $44.55 billion. Meta Platforms had a net margin of 39.99% and a return on equity of 39.33%. The firm's revenue was up 21.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $5.16 EPS. Meta Platforms has set its Q3 2025 guidance at EPS. On average, equities research analysts expect that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 22nd were given a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Monday, September 22nd. Meta Platforms's dividend payout ratio is 7.60%.

Analyst Ratings Changes

META has been the subject of a number of recent analyst reports. JMP Securities boosted their price objective on Meta Platforms from $750.00 to $900.00 and gave the company a "market outperform" rating in a report on Thursday, July 31st. HSBC raised shares of Meta Platforms from a "hold" rating to a "buy" rating and upped their price objective for the stock from $610.00 to $900.00 in a research note on Thursday, July 31st. UBS Group increased their price objective on shares of Meta Platforms from $812.00 to $897.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Zacks Research lowered Meta Platforms from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 19th. Finally, Pivotal Research lifted their target price on Meta Platforms from $830.00 to $930.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Four analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $830.02.

Meta Platforms Profile

Meta Platforms, Inc engages in the development of products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and wearables worldwide. It operates in two segments, Family of Apps and Reality Labs. The Family of Apps segment offers Facebook, which enables people to share, discuss, discover, and connect with interests; Instagram, a community for sharing photos, videos, and private messages, as well as feed, stories, reels, video, live, and shops; Messenger, a messaging application for people to connect with friends, family, communities, and businesses across platforms and devices through text, audio, and video calls; and WhatsApp, a messaging application that is used by people and businesses to communicate and transact privately.

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